Crypto Currency Profit Realization
Bitcoin and Ethereum prices came under pressure ahead of profit realization and Fed Chairman Jerome Powell’s Jackson Hole speech. The crypto currency market experienced a sharp pullback on Tuesday. Bitcoin (BTC) fell 2.78% to $113,234, hitting $112,709 during the day. Ethereum (ETH) dropped 5.44% to $4,108. Leveraged positions were liquidated.
Three Days of Negative Outlook in ETF Data
Looking at yesterday’s ETF figures, US Spot ETF figures were $523.3 million for Bitcoin, while Ethereum ETFs stood at $422.2 million.
1inch Launches Local Cross-Chain Swaps Between Solana and EVM Chains
1inch has launched local cross-chain swaps between Solana and EVM networks without the need for a bridge. This innovation offers secure and fast transactions with MEV protection and the best rates.
SkyBridge to Tokenize $300 Million on Avalanche
SkyBridge Capital plans to tokenize two of its funds on the Avalanche blockchain, digitizing a total of $300 million in assets.
Trump on the Ukraine Issue
US President D. Trump stated that he wants to see what happens when Zelensky and Putin meet, emphasizing the need for optimism between the two countries.
WSJ Report on Elon Musk
WSJ reported that sources said Tesla CEO Musk has postponed plans to form a new party and asked his advisors to focus on work.
US Treasury Secretary Bessent on China
Bessent told Fox News, “We had very good talks with China.”
Powell’s Jackson Hole Speech Awaited with Anticipation
The most important development the market is focusing on is Fed Chairman Jerome Powell’s speech in Jackson Hole on Friday. Presto Research research director Peter Chung said, “The expectation of an interest rate cut in September has already been priced in. If Powell speaks more hawkishly, we could see sharp sell-offs, while more dovish messages could trigger a new rally.”
BlockDAG’s Rise Attracts Attention in the Market
While OKB’s 129% rise and SUI’s $6.90 target caught attention, eyes were on BlockDAG this week. BlockDAG has a $377 million presale, is listed on 20 exchanges, and has 2.5 million miners.
Today is the Day for FED Member Speeches
- Today at 6:00 PM, FED member Waller will speak.
- Today at 9:00 PM, the Fed FOMC minutes will be released.
- Today at 10:00 PM, FED member Bostic will speak.
